Taiwan seeking to foster unicorn startups via AWS assistance

Bryan Chuang, Taipei; Willis Ke, DIGITIMES Asia 0

Taiwan hopes to cultivate its own unicorn startups by leveraging major services provided by Amazon Web Services (AWS), which is now maintaining operations in the government-funded Startup Terrace in New Taipei, according to the nation's premier Su Tseng-chang.

Wu made the statement after hearing a briefing about the latest development of the international startup hub in northern Taiwan, which has attracted 15 accelerators, including AWS.

AWS has promised to help develop 150 startups in Taiwan within three years by cultivating cloud talent, fostering startup teams, promoting international cooperation and helping enterprises with business transformations.

The Taiwanese government will provide multiple support for tech startups boasting strong potentials, including sufficient funds, sound regulations, commercial outlets for innovations and assistance in international marketing, according to the Ministry of Economic Affairs (MOEA).

The Startup Terrace has so far attracted as many as 132 startups and accelerators from 10 countries to set up operations there, mainly focusing on AI, IoT, smart healthcare and big data, by offering them one-stop services and tax incentives, MOEA said.